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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 28, 2026
Northpointe Bancshares, Inc.
(Exact name of registrant as specified in its charter)
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Michigan | No. 001-42517 | 38-3413392 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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3333 Deposit Drive Northeast
Grand Rapids, Michigan | | 49546 |
(Address of principal executive offices) | | (Zip Code) |
(616) 940-9400
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, no par value | NPB | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer
On August 28, 2026, Northpointe Bancshares Inc. and Northpointe Bank (collectively, “Northpointe”) announced that Joseph (JB) Long will join Northpointe as Executive Vice President, Chief Operating Officer and Chief Credit Officer. Effective September 14, 2026, the duties and responsibilities of Chief Operating Officer and Chief Credit Officer will transition from Kevin Comps to Mr. Long. Mr. Comps will continue to serve as President, a role he has held since 2024. The transition of the duties and responsibilities of Chief Operating Officer and Chief Credit Officer reflect the Company’s continued focus on strengthening its leadership team after completing its initial public offering in February 2025.
Mr. Long (56) brings over 30 years of experience leading operations, balance sheet growth strategies, capital markets, revenue enhancement and business development within the mortgage industry. Most recently, he was the Chief Banking & Capital Markets Officer at Cenlar FSB, responsible for oversight of portfolio risk, banking operations, capital markets and strategic development. Prior to that, Mr. Long held roles as President and Chief Revenue Officer of Incenter Lender Services and EVP of Capital Markets at Onity Group (formerly Ocwen), along with various senior roles at TIAA Bank (formerly EverBank).
In connection with his appointment, Northpointe has entered into an Employment Agreement (the “Agreement”) with Mr. Long, effective September 14, 2026. The Agreement provides (i) for an initial term of three (3) years, subject to automatic one-year renewals unless either party provides at least ninety (90) days’ prior written notice, (ii) an annual base salary of $333,000, subject to increase at the discretion of the Compensation Committee, (iii) an annual cash incentive bonus with a target of 100% of base salary being paid for the year based upon the achievement of annual performance goals established by the Compensation Committee, and (iv) an opportunity to participate in the Company’s long-term equity incentive plan.
The Agreement provides for severance benefits upon termination other than for cause or resignation for good reason by Mr. Long, consisting of (i) installment payments for eighteen (18) months equal to one (1) times the sum of his annual base salary and the greater of the target cash incentive bonus for the year of termination or average annual bonus paid for the three fiscal years immediately preceding the date of termination, (ii) a the prorated annual bonus for the year of termination based on level of achievement of applicable performance metrics (the "Prorated Bonus"), and (iii) payment of the COBRA cost of continued health insurance benefits for eighteen (18) months (the "COBRA Benefit"), in each case conditioned upon execution of a separation and full release of claims agreement.
The Agreement also provides for severance benefits upon termination other than for cause or resignation for good reason within twelve (12) months following a change in control, as defined in the Agreement, consisting of (i) a lump sum payment within sixty (60) days equal to two (2) times the sum of his annual base salary and the greater of the target cash incentive bonus for the year of termination or average annual bonus paid for the three fiscal years immediately preceding the date of termination, (ii) the Prorated Bonus and (iii) the COBRA Benefit, in each case conditioned upon execution of a separation and full release of claims agreement. Upon termination for cause or resignation without good reason, Mr. Long is entitled only to accrued but unpaid compensation and benefits.
The Agreement also includes customary covenants regarding confidentiality and non-competition and non-solicitation of employees and customers that apply during employment and for a period of 12 months following termination of employment.
The foregoing description is for summary purposes only and is qualified in its entirety by reference to the full text of the Agreement, a copy of which has been filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
There are no arrangements or understandings between Mr. Long and any other persons pursuant to which he was appointed as Chief Operating Officer and Chief Credit Officer of Northpointe. There are no family relationships between Mr. Long and any of the directors or other executive officers of Northpointe, and Mr. Long is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the press release announcing this appointment is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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| Exhibit No. | | Description |
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10.1 | | Employment Agreement by and between Northpointe and Joseph Long effective September 14, 2026 |
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99.1 | | Press Release, dated August 28, 2026 |
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104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| NORTHPOINTE BANCSHARES, INC. |
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| Date: August 28, 2026 | By: | /s/ Bradley T. Howes |
| | Bradley T. Howes |
| | Executive Vice President and Chief Financial Officer |
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Contacts:
Kevin Comps, President
616-974-8491 | kevin.comps@northpointe.com
Brad Howes, CFO
616-726-2585 | brad.howes@northpointe.com
Northpointe Bancshares, Inc. Strengthens Leadership Team with Appointment of Joseph (JB) Long as Chief Operating Officer and Chief Credit Officer
GRAND RAPIDS, MICHIGAN (August 28, 2026) – Northpointe Bancshares, Inc. (NYSE: NPB) (the “Company”) and its wholly owned subsidiary, Northpointe Bank (the “Bank“), today announced that Joseph (JB) Long will join as Executive Vice President, Chief Operating Officer and Chief Credit Officer.
Mr. Long brings over 30 years of leadership experience in operations, balance sheet growth strategies, capital markets, revenue enhancement and corporate development within the banking and mortgage industries. Most recently, he served as Chief Banking & Capital Markets Officer at Cenlar FSB, where he oversaw portfolio risk management, banking operations, capital markets and strategic development initiatives. Earlier in his career, he spent more than 25 years with EverBank, where he held a number of senior leadership roles and played a key role in building and scaling the company’s capital markets, mortgage banking and portfolio management platforms. He later served as President and Chief Revenue Officer of Incenter Lender Services and EVP of Capital Markets at Onity Group (formerly Ocwen).
“We are very excited to welcome JB to our executive team,” said Kevin Comps, President. “He brings a unique combination of banking, capital markets, credit and mortgage expertise that aligns directly with our long-term growth strategy. His experience scaling businesses, while maintaining a strong focus on risk management and operational excellence, will be a tremendous asset to Northpointe.”
Effective September 14, 2026, he will take over as Chief Operating Officer and Chief Credit Officer, both roles currently held by Kevin Comps, the Bank’s President. In his new role, Mr. Long will oversee the Bank’s credit, capital markets and mortgage operations functions.
“I am honored to join Northpointe and serve alongside such a talented and dedicated team,” said Mr. Long. “They have built an exceptional reputation for innovation, customer service and disciplined growth. I look forward to helping the Company expand on that success while continuing to deliver value for customers, communities, and stakeholders.”
About Northpointe Bancshares, Inc.:
Headquartered in Grand Rapids, Michigan, Northpointe Bancshares, Inc. is the holding company of Northpointe Bank, a client-focused company that provides home loans and retail banking products to communities across the nation. Our mission is to be the best bank in America by bringing value and innovation to the people we serve. To learn more visit www.northpointe.com.
